By Marisa Wong
Morgantown, W.Va., Feb. 8 – Mega Financial Holding Co. announced that subsidiary Mega International Commercial Bank Co. Ltd. priced $330 million of 30-year zero-coupon senior financial debentures at par with a 4.18% internal rate of return.
Proceeds from the non-underwritten offering will be used to diversify the bank’s funding resources and stabilize long-term working capital.
The Taipei-based issuer specializes in commercial and retail lending, venture capital investments, international trade finance, securities dealing, trust services and property/casualty insurance.
| Issuer: | Mega International Commercial Bank Co. Ltd.
|
| Issue: | Senior financial debentures
|
| Amount: | $330 million
|
| Maturity: | March 1, 2048
|
| Underwriter: | None
|
| Coupon: | 0%
|
| Price: | Par
|
| IRR: | 4.18%
|
| Call option: | None
|
| Put option: | None
|
| Announcement date: | Feb. 8
|
| Settlement date: | March 1
|
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